Showing Results for tag: Extended Stay
Starwood Capital to refinance extended stay portfolio
US: Starwood Capital is accessing the commercial mortgage-backed securities market to refinance debt on a portfolio of 58 extended-stay hotels, as well as the construction costs of several recently built hotel properties.
Staybridge Suites makes Dubai debut
UAE: IHG has opened Staybridge Suites Dubai Al-Maktoum Dubai Airport, the brand’s first property in the emirate.
Aimbridge takes over management of 16 ESA properties
US: Aimbridge Hospitality has added 16 Extended Stay America properties to its portfolio, and now manages 36 properties for the brand, with more in the pipeline.
Red Lion Hotels launches extended stay brand
US: Red Lion Hotels has relaunched its GuestHouse International brand as GuestHouse Extended Stay, an upper-economy flag suitable for conversions.
Hyatt House opens in Louisville
US: A 127-key Hyatt House extended stay hotel has opened in Louisville, Kentucky.
SVC cancels Marriott agreement and boosts Sonesta extended stay portfolio
US: Following a similar situation with IHG in August, Service Properties Trust (also known as SVC) has severed its management agreements with Marriott International across 122 properties.
New York State hotel transitions to extended stay
US: The Pavilion Grand Hotel in Sarasota Springs is being rebranded as the Pavilion Grand Executive Apartments.
My Place makes Ohio debut
US: My Place Hotels of America has opened its 58th extended stay property, and its first in Ohio, in the town of Marion.
US economy extended stay demand grows for second month
US: Economy extended-stay hotels reported a 1.9 per cent increase in demand in August 2020.
Accor signs Jeddah extended stay hotel
KSA: Accor has signed a management agreement for the first the Swissôtel Living in Saudi Arabia.
Cycas makes French debut with dual branded Hyatt property
France: Cycas has opened a dual branded Hyatt House and Hyatt Place property in Paris, the first of 10 openings planned for the next six months.
My Place adds North Carolina property
US: My Place Hotels of America has added its 57th extended stay hotel, in the Charlotte suburb of Huntersville.
TownePlace Suites opens Ohio property
US: TownePlace Suites by Marriott has opened its latest extended stay hotel, in Columbus, Ohio.
Rezoning request lodged for Minnesota extended stay hotel
US: Duluth-based Detroit Lender LLC is seeking a rezoning of a property in Oakwood to enable it to develop a five-storey, 87-key Candlewood Suites.
Element opens extended stay hotel in New York State
US: The 87-key Element Spring Valley has opened its doors for business in Rockland County, New York.
Sandpiper continues to see strong growth in 2020
US: Extended stay management specialist Sandpiper Hospitality has seen high occupancy levels across its 42 hotels and is on the verge of announcing several new signings.
Clarkson appointed CFO at Extended Stay America
US: Extended Stay America has appointed David Clarkson as chief financial officer.
First stayAPT Suites property set for October opening
US: The first stayAPT Suites extended stay hotel will open in early October, in Alexandria, Virginia.
AAM 15 Management opens New Hampshire Residence Inn
US: The 123-key Residence Inn by Marriott Manchester Downtown has opened in Manchester, New Hampshire.
Ascott sees increased focus on extended stay in MEA region
MEA: Ascott says it is seeing increased interest in serviced apartments as a result of the Covid-19 pandemic.
Element extended stay hotel in Atlanta set for November opening
US: A 164-key, six-storey Element hotel is set to open in Atlanta's Buckhead neighbourhood.
Apple Hospitality REIT buys newly opened Hyatt dual-branded project
US: Apple Hospitality REIT has announced the opening and acquisition of the 105-key Hyatt House and 154-key Hyatt Place in Tempe, Arizona.
InTown Suites unveils redesigned room types
US: Starwood Capital's extended stay brand InTown Suites has unveiled its redesigned suites.
More than 100 IHG properties to get Sonesta rebrand
US: 103 IHG properties in the US, Canada and Puerto Rico are to be reflagged under the Sonesta brand.
Denver's first independent extended stay hotel tops out
US: Sage Hospitality Group and its partners topped out at the Catbird, an extended stay hotel development in Denver’s River North Art District (RiNo).
NexGen to break ground on its first Home2 Suites property
US: Hotel development and management company NexGen Hotels will break ground on its first Home2 Suites by Hilton this April.
Hyatt House property under construction in Tallahassee
US: Mountain Shore Properties (MSP), a South Carolina-based developer, is planning to open a new Hyatt House hotel in Tallahassee's Railroad Square Art District.
Report claims US extended stay sturdiest in lodging industry
US: According to a new report from The Highland Group, extended stay properties in the U.S have weathered the pandemic more effectively than other parts of the lodging industry.
Marriott offers Caribbean "workation" stays
US: Marriott is offering guests extended stays and the necessary facilities to work from their hotel rooms in the Caribbean.
WaterWalk buys $2 million Arizona site
US: Extended stay developer and operator WaterWalk has acquired a 4.5 acre development site in Phoenix’s Deer Valley neighbourhood for $2.14 million.
TownePlace Suites opens New Mexico property
US: The Marriott TownePlace Suites Albuquerque Old Town has opened its doors, close to the Indian Pueblo Cultural Center.
Extended Stay America encourages voter registration
US: Extended Stay America has joined the STAY Counted campaign, an initiative to encourage voter registration and participation in the November US presidential election
Starwood Capital highlights performance of extended stay sector
US: Starwood Property Trust CEO Barry Sternlicht says the company's chain of extended stay hotels has been running at 85 per cent average occupancy rates during the coronavirus crisis.
Residence Inn forms last part of office park transformation
US: A 111-key Residence Inn is the last element of the transformation from an office park to hotel park at Hamilton Court in Farmington Hills, Michigan.
A-1 takes over management of Texas Homewood Suites
US: The 90-key Homewood Suites by Hilton in New Braunfels, Texas, is now managed by A-1 Hospitality Group.
Cycas to operate first all-suite Radisson property in Western Europe
Netherlands: Cycas Hospitality has signed a lease agreement with ECHO Partners to operate its first Radisson-branded property, the Radisson Hotel & Suites Amsterdam South.
Residence Inn opens Tennessee property
US: The 118-suite Residence Inn by Marriott hotel in Franklin, Tennessee is open for business.
Former Meininger chairman launches LyvInn
UK: Navneet Bali, the former chairman of Meininger Hotels, has launched the LyvInn brand, an extended-stay and transient hospitality concept.
SAFFAA launches global accreditation registry
Worldwide: Serviced Apartment News has partnered with Serviced Apartment/Accommodation Forum for Assessment and Accreditation (SAFFAA) for the development of a global register of responsible accreditors for serviced apartments and alternative accommodation.
JFK Residence Inn nears completion
US: A Residence Inn by Marriott in Queens, designed by Gene Kaufman Architect, is close to completing construction.
Marriott opens Element all-suite hotel in Toronto
Canada: The 144-key Element Toronto Airport Hotel has opened for business.
Siegel to grow Siegel Select brand with Alabama additions
US: The Siegel Group Nevada has acquired two former Budgetel extended stay hotels in Birmingham, Alabama for conversion to its Siegel Select brand.
Partnership to develop 1,000 Home2 Suites by Hilton in China
China: Hilton has signed a management license agreement with Country Garden to introduce and develop the Home2 Suites by Hilton brand in China.
My Place strengthens executive team
US: My Place Hotels of America has named former EVP Matthew Campbell as chief operating officer/chief legal officer and former associate general counsel Adam Altman as the company’s general counsel.
WoodSpring hits 70 per cent occupancy for May
US: Choice Hotels' extended stay portfolio has achieved industry leading occupancy during March, April and May, with WoodSpring Suites achieving more than 70 per cent.
Home2 Suites opens Vermont property
US: A Home2 Suites by Hilton extended stay hotel has opened in downtown Williston, Vermont.
ESA appoints Williams to franchising role
US: Extended Stay America has appointed Mark Williams as managing director, franchise development.
My Place launches Trend Hotels & Suites brand
US: My Place Hotels has launched Trend Hotels & Suites, a collection of upper midscale and upscale select service and extended stay hotels.
Latest Studio 6 property opens in Texas
US: G6 Hospitality, owner, operator and franchisor of the Studio 6 extended stay brand has announced the opening of a new-build Studio 6 in Katy, Texas.
US economy extended stay RevPAR is double that of luxury sector in April
US: The latest figures from The Highland Group show that the economy extended stay hotels reported average RevPAR of $29.78 in April, around double that of the luxury sector.
